Dear readers, these days, we have been seeing a number of new stocks making their IPO debuts on the Singapore Stocks Exchange one after another. We had Sanli, followed by World Class Global and followed by HRnetGroup. This is only healthy for Singapore stocks markets as it means more choices for retail investors. But amidst all this listing, we seem to have not managed to attract the bigger IPOs on our shores.
For instance, recently, Brunei’s largest lender, Bank Islam Brunei Darussalam chose to be listed on Bursa Malaysia rather than the SGX even though Brunei has a currency which is pegged to the Singdollar. I find the above a missed opportunity for investors here to participate in a big-cap foreign IPO.
It is not just a point of not able to attract a big-cap IPO, it is also about the point of not able to attract foreign IPOs (notice ......